There will be a period of time within which those homeowners who have taken a bond will have the ability to exercise their rights under it to sell. We are pressing for as much flexibility as possible for homeowners. If the bond is exercised, the indexation of the Market Value will then be calculated. This means that if the Land registry suggests the market has increased by say 5%, the price will increase by 5%. Similarly if it suggests that the market has fallen by 5%, the price will fall by 5%. The enhanced package of 25% or the statutory package of 7.5% or 10% will be applied to the price AFTER indexation.
